NEO → movement in the coming days !!!If we use the pitchfork for NEO chart we can see that the price couldn't break the middle line of the pitchfork , so this means that the price would reach the bottom of the pitchfork and than start It's uptrend movement .
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NEOUSDT
NEO Analysis - What Shall we Expect !!!BINANCE:NEOUSDT
As you can see, the price is in a Megaphone. If the price can break this megaphone, we can hope that the price will act like a Crab pattern and the price will grow well.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Neo long setup / Bulls or Bears, Tell me in CommentsBINANCE:NEOUSDT By CrazyS
COINBASE:NEONUSD
Hello Traders
💥Long position on NEO
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
9.60
9.72
9.83
9.95
10.10
🔴SL:
9.03 - 8.93
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
NEO (Crypto) BUY TF H4 TP = 11.260 Good luck!On the H4 chart the trend started on Aug. 06 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 11.260
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
NEO: Potential Breakout from Falling Wedge?Hey everyone!
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NEO looks good in daily time frame. It is forming a falling wedge like structure and trying to breaks out from it. It also holds a support (Green box) very well so far. After a confirmed daily candle close expecting a good 70-80% move to the upside from here.
Entry range:- $10-$11
Targets:- $12.3/$14.4/$16.8/$19.5
SL:- $8.30
What are your thoughts on NEO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
NEOUSDT is up for a 300% jumpAre you one of those long-term investors? Then the NEO coin might be just for you. By the looking at the weekly chart we can observe a breakout of the long term supply zone, indicating a shift in trend. Following the breakout, price has corrected heavily, and found the support at 88.6% Fibonacci retracement level. So as can e seen, this Fib level is also a great demand zone for long term investors.
Therefore, we expect a 300% rally in the coming months. It will not be an easy and fast ride, but a bumpy one. Nonetheless, the great RR buying opportunity is open for those who see the massive potential for NEOUSDT.
#NEOUSDT Technical Analysis in Weekly Timeframe.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
NEO has been in a long-term bearish trend constrained by a descending resistance line, with a strong support zone identified between $5 and $8.6.
Historical price movements show significant volatility, with notable peaks in 2018 and 2021.
The recent price drop indicates a possible correction phase, but the analysis suggests a bullish outlook for the future, with a potential target of around $80 if the price can break past the $21 to $24 resistance levels.
The moving average serves as an additional indicator for trend analysis, supporting the potential for a future upward move.
Key Observations:
~ Support/Entry: $5 to $8.6.
~ Resistance/Initial Target: $21 to $24.
~ Long-term Target: $80.
~ Invalidation Point: A breakdown below the support line.
DYOR, NFA.
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#PEACE
NEONEO coin is currently undergoing a correction phase, which typically involves a temporary decline in price within an overall upward trend. During this phase, the price might take corrective liquidity, where sell orders are triggered to allow for more buying opportunities. This action can push the price higher, indicating a potential for good investment opportunities. Corrections are a normal part of market movements and can offer strategic entry points for investors looking to capitalize on future growth.
Market Analysis and NEO Coin Technical Analysis🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions.
📆 Coin of the Day: NEO
About the Project
NEO is one of the older projects in the crypto space with its own blockchain, currently ranked 85 on CoinMarketCap, and part of the top 100 coins.
🧩 Technical Analysis
4-Hour Timeframe
This analysis is for trading in futures, examining different scenarios.
♟ Support and Resistance : After a bearish move, the price has found support at 14.39. Since then, the price has been ranging, with three touches at this support level. However, no single high has formed; instead, there are two resistance levels at 15.88 and 16.91.
📉 Bearish Scenario : If a candle closes below 14.39, the next bearish phase might start, with the first support target at 13.31. A break below 35.47 on the RSI could confirm the bearish momentum.
📈 Bullish Scenario : If the price breaks above 15.88, we can look for a target at 16.91. A break above 16.91 would set the next target at 19.17. A break above the 50 level on the RSI could confirm the entry of bullish momentum into the market.
Volume Analysis
The market volume has been steadily decreasing, and since today is Saturday, the volume is especially low. Lower volume indicates that the next market move could be very sharp.
👨💻 Trading Positions
Long Position
Entry Trigger: Break above 15.88
Strategy: Open a position on the break of 15.88 and wait for confirmation from the price to set the target. Consider closing the position or taking profits based on price action and market conditions.
Short Position
Entry Trigger: Break below 14.39
Strategy: Open a position on the break of 14.39 as this is a very critical level in the market. After the break, this level could provide a good risk-to-reward ratio.
📝NEO is currently ranging within key support and resistance levels. Traders should watch for breaks of these critical levels to open positions. Volume analysis suggests that the next move could be sharp due to the low trading volume, especially on a weekend. Long positions should be considered above 15.88, while short positions should be considered below 14.39. Always keep an eye on the RSI for confirmation of momentum in either direction.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
NEO Holders! FOLLOW ME~!Hello, guys
This is ESS team.
Let's check the BCHUSDT chart.
If it is supported by the PINK uptrend line and go up, It'll break through the RED long-term downtrend line and reach the green uptrend line.
If it breaks through the GREEN uptrend line, It'll even reach the PURPLE uptrend line.
If it fails to be supported by the pink uptrend line and drops down, It will challenge again after accumulation at the ORANGE uptrend line.
You're LUCKY to see this, NEOUSDT analysis!Hello, guys.
This is ESS team.
Let's see the NEOUSDT chart.
If candle is supported by the bottom PURPLE uptrend line, it is expected to break through the RED long-term downtrend line.
After the break through, It will reach the top green uptrend line.
After that, If it breaks through the top green uptrend line and is supported by green, It will reach the top orange upward trend line.
If it isn't supported by the lower purple uptrend line, It will
try again after accumulation with near the lower pink uptrend line.
Analysis of NEO# Analysis of NEO Time 1W currency
Considering that the price has reacted to the resistance level of the daily time, we can expect a downward correction to the support level of $11, and from the support range after a little suffering, we can see the beginning of the upward trend in the long term.
📈🚀 NEO Trade Plan! 🚀📈📊 Analysis:
Bullish Momentum: NEO has exhibited bullish momentum over recent weeks, currently resting at a support level.
Long Opportunity: Given its bullish trend and support bounce, NEO presents an opportunity for a long trade.
Entry Point: Consider entering the trade at the current support level, ranging from $17.85 to $18.50.
Profit Targets: Target potential profit zones at $20.00 to $20.80 or $22.50 to $23.25 based on resistance levels.
Risk Management: Mitigate risk by setting a stop-loss order just below $17.50 to manage potential downside risk.
📈 Trading Strategy:
Entry: Initiate a long position as NEO finds support within the specified range.
Targets: Aim to take profits at predetermined resistance levels of $20.00 to $20.80 or $22.50 to $23.25.
Risk Control: Implement a stop-loss strategy to safeguard against adverse price movements and limit potential losses.
🚨 Note: Stay attentive to price action and ensure effective risk management throughout the trade! #NEO #TradingPlan #CryptoAnalysis 🌟📊
NEO/USD Wedge Pattern Breakout OpportunityOverview:
NEO/USD is currently forming a wedge pattern, indicating a potential breakout opportunity. This pattern suggests a period of consolidation and uncertainty in the market.
Breakout Potential:
A breakout from the wedge pattern could signal significant price movements. Traders should watch for confirmation through increased volume and decisive price action before entering positions.
Entry Strategy:
Traders may consider entering:
- Long Position: Above the upper trend line with confirmation of bullish momentum.
- Short Position: Below the lower trend line with confirmation of bearish momentum.
Risk Management:
Implement strict risk management measures, including stop-loss orders and proper position sizing, to mitigate potential losses.
Conclusion:
The wedge pattern in NEO/USD presents a trading opportunity for vigilant traders. By monitoring price action and volume dynamics, traders can identify entry points while managing risk effectively. Caution and adherence to risk management principles are essential in navigating the forex market's volatility.